WASDE Report Highlights: Corn Stocks Steady, Wheat Rises

March 10, 2011 01:32 AM
 

Key numbers from this mornings WASDE Report:

  • Projections for corn, sorghum, and oats supplies, usage, and ending stocks are all unchanged. Barley exports are lowered 2 million bushels reflecting the slow pace of shipments and sales to date.
  • No changes are made on the supply side of the U.S. 2010/11 rice supply and use balance sheet.
  • U.S. soybean supply and use projections for 2010/11 are mostly unchanged from last month.
  • U.S. wheat ending stocks for 2010/11 are projected higher this month on reduced export prospects.
  • Projected exports are lowered 25 million bushels with increased world supplies of high quality wheat, particularly in Australia, and a slower-than-expected pace of U.S. shipments heading into the final quarter of the wheat marketing year.
  • Projected U.S. sugar supply for fiscal year 2010/11 is decreased 163,000 short tons, raw value, from last month.

Back to news


 

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close